| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTANT | 9,669 | 4,834 | 0 | 4,835 |
| Contractor | Explanation |
|---|---|
| GEM ENDOWMENT FUNDS LP | MANAGEMENT OF $100 MILLION INVESTMENT PORTFOLI0 |
| HALL DAVIDSON & ASSOCIATES CPAS PC | ACCOUNTING WORK, FINANCIAL REPORTS, 990-PF & 990-T RETURNS |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| OFFICE BUILDING | 1993-09-10 | 260,784 | 182,506 | SL | 2.56 % | 6,687 | |||
| PAINTING | 2012-07-31 | 750 | 638 | SL | 10.00 % | 75 | |||
| FILE CABINET | 2015-04-30 | 961 | 200 | SL | 3.64 % | 35 | |||
| ICE MAKER | 2015-09-30 | 1,717 | 328 | SL | 3.64 % | 62 | |||
| HP OFFICE PRO PRINTER | 2017-03-31 | 220 | 154 | SL | 20.00 % | 44 | |||
| IMAC COMPUTER | 2017-05-23 | 1,269 | 911 | SL | 20.00 % | 254 | |||
| NEW GAS LOGS | 2017-05-28 | 2,860 | 1,001 | SL | 10.00 % | 286 | |||
| ADS SECURITY SYSTEM | 2017-09-11 | 1,610 | 564 | SL | 10.00 % | 161 | |||
| NEW PHONES & CONF EQUIP | 2017-10-15 | 1,318 | 924 | SL | 20.00 % | 264 | |||
| TV/VIDEO CONFERENCING EQU | 2018-04-25 | 10,789 | 2,697 | SL | 10.00 % | 1,079 | |||
| HP ENVY COMPUTER | 2018-06-21 | 730 | 365 | SL | 20.00 % | 146 | |||
| SAMSUNG CURVED MONITOR | 2018-06-21 | 265 | 133 | SL | 20.00 % | 53 | |||
| 4 CHAIRS - GATHERING ROOM | 2018-06-28 | 6,560 | 1,640 | SL | 10.00 % | 656 | |||
| COFFEE TABLE | 2018-06-28 | 999 | 250 | SL | 10.00 % | 100 | |||
| OFFICE FURNITURE, LAMPS, PAINT | 2019-01-06 | 11,518 | 1,728 | SL | 10.00 % | 123 | |||
| LAPTOP COMPUTER | 2019-07-02 | 370 | 111 | SL | 20.00 % | 74 | |||
| APPLE COMPUTER | 2021-02-11 | 1,228 | SL | 10.00 % | 123 | ||||
| COMPUTER EQUIP & PRINTER | 2021-12-21 | 1,010 | SL | 10.00 % | 101 | ||||
| SILVER MORNING PAINTING | 2021-12-29 | 912 | SL | 5.00 % | 46 | ||||
| BLACK/GOLD BOOKCASE | 2021-12-29 | 4,276 | SL | 5.00 % | 214 | ||||
| 2 JONES CHAIRS | 2021-12-29 | 4,421 | SL | 5.00 % | 221 | ||||
| TIERED CHANDELIER | 2021-12-29 | 2,404 | SL | 5.00 % | 120 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GEM | FMV | 95,496,146 | 95,496,146 |
| GEM LMF | FMV | 2,429,987 | 2,429,987 |
| MIT PVT EQUITY II | FMV | 15,438 | 15,438 |
| MIT PVT EQUITY III | FMV | 1,170,368 | 1,170,368 |
| MIT PVT EQUITY IV | FMV | 84,001 | 84,001 |
| TIFF SEC PTRS II | FMV | 137,755 | 137,755 |
| P2 CAP | FMV | 692,282 | 692,282 |
| IRONSIDES | FMV | 1,850,031 | 1,850,031 |
| STAR MOUNTAIN | FMV | 713,512 | 713,512 |
| TRG FORESTRY 7 | FMV | 4,092 | 4,092 |
| TRG FORESTRY 8 | FMV | 9,999 | 9,999 |
| MA RESOURCES FUND I | FMV | 98,365 | 98,365 |
| MREP 2008 DISTRESSED | FMV | 7,993 | 7,993 |
| MA REAL ASSETS II | FMV | 1,842,339 | 1,842,339 |
| VANGUARD MMKT | FMV | ||
| COMMON FUND | FMV |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 155,888 | 114,046 | 41,842 | |
| Buildings | 260,784 | 189,193 | 71,591 | 500,000 |
| Improvements | 21,158 | 21,158 | ||
| Land | 100,379 | 100,379 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| UTILITY DEPOSITS | 500 | 500 | 500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 225 | 200 | 25 | |
| DUES & SUBSCRIPTIONS-1 | 15,359 | 15,359 | ||
| INSURANCE | 14,787 | 14,787 | ||
| MISC/OTHER EXPENSE | 8,358 | 8,358 | ||
| OFFICE SUPPLIES & EXPENSES | 6,383 | 6,383 | ||
| SOFTWARE | 14,409 | 14,409 | ||
| TELEPHONE | 2,509 | 2,509 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INVEST INCOME(LOSS) FR K-1'S | 299,010 | -420,858 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED FEDERAL EXCISE TAX | 24,564 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 401K ADMN FEE | 4,595 | 4,595 | 0 | 0 |
| INVESTMENT MANAGEMENT FEES | 782,100 | 782,100 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 118,345 | 118,345 | ||
| PAYROLL TAXES | 17,839 | 17,839 |